Market Size of Middle East Automotive Engine Oils Industry
| Study Period | 2015 - 2026 |
| Base Year For Estimation | 2020 |
| Forecast Data Period | 2024 - 2026 |
| Historical Data Period | 2015 - 2019 |
| CAGR (2024 - 2026) | 2.94 % |
| Market Concentration | High |
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Middle East Automotive Engine Oils Market Analysis
The Middle East Automotive Engine Oils Market size is estimated at 1.34 Billion Liters in 2024, and is expected to reach 1.42 Billion Liters by 2026, growing at a CAGR of 2.94% during the forecast period (2024-2026).
- Largest Segment by Vehicle Type - Passenger Vehicles : The growing number of passenger vehicles on the road, improving travel rates, and short service intervals are the factors driving passenger vehicle engine oil consumption.
- Fastest Segment by Vehicle Type - Motorcycles : Following the COVID-19 outbreak, there has been upsurge in used motorcycle demand in Middle East countries such as Iran, which may drive motorcycle engine oil consumption.
- Largest Country Market - Iran : The high lubricant consumption in Iran can be attributed to the country's vehicle fleet and the increasing average age of vehicles that require significant lubricant usage.
- Fastest Growing Country Market - Turkey : Turkey was the only country in the Middle East to see positive sales figures, despite the COVID-19 outbreak, due to the government's push to improve the automotive industry.
